Have you been burning night candles, crunching numbers and memorizing book balancing methods in preparation for the ICAN exams? Well, they are nearly here.
The timetable for the November 2017 diet of the Professional Examination of the Institute of Chartered Accountants of Nigeria has been published. The ICAN exams for November are scheduled to hold from Tuesday, November 14 to Thursday, November 16, 2017.
The examination is open only to registered students. Registration portal has been open since August 22 and will close on Friday, November 3, 2017. Persons who have not registered and are interested in finding out more details about ICAN and the requirements for obtaining the ACA qualification are encouraged to visit the Institute’s website www.icanig.org for guidelines on Students’ registration.
ICAN’s ACA qualification has become one of the most demanded certifications in the field of professional services since its introduction in 1965. Firms and companies involved in accounting, tax and advisory services consider the competencies associated with the qualification as crucial to optimum and effective performance. The high demand for the certification has led to many private individuals engaged in running tutorial centres aimed at preparing candidates for the professional examinations. ICAN does not accredit any of the centres to offer classes but it has become normal practice that intending candidates enroll in one of those where the Institutes’ Professional Examination Syllabus (downloadable from the website) is used as the basis for tutorials.
For the exams, ICAN announced that there are 44 centres all over Nigeria, with one each in Buea (Cameroon) and London (UK).
The Directives for Online Registration are as follows (as published by ICAN):
• Candidates should check their Examination/Financial Status on www.icanig.com before payment so as to confirm the number of paper9s) to be written, amount payable for the examination and annual subscription.
• Payment can be done directly into ICAn e-Collection Amount through PAY DIRECT at any commercial bank branch nationwide. The deposit slip and receipt will be used for online registration. Payment can also be made using a Naira Debit Card on the website www.icanig.com
• For the online registration, requirements include scanned soft copy of passport (white background), scanned copy of signature, and PIN and Serial Numbers. The online form on www.icanexamsonline.org/professional is to be completed. Candidates are advised to take note of the instructions on examination timetable centres, rules and regulations, and warning to candidates.
• To confirm enrolment, visit the website three days after online submission of the examination form. Examination dockets are to be downloaded from the website three days to the examination date.
In place of its Ten-Year Rule waiver which has now been waived, the ICAN Council has introduced a Five-Year Rule waiver for its professional level. “The Five-Year Rule waiver requires that candidates must pass all the papers in the Professional Level within five years from the date they obtain the first credit”, according to ICAN. In other words, those who are writing the first paper of the Professional exams this November are expected to have completed all five professional papers within the next five years (ten diets), else will forfeit any credits earned from writing any of the preceding four.
Free soft copies of Study Texts and Pathfinders can be downloaded from the ICAN website by candidates using their login details. Alternatively, hard copies are available for collection for free by candidates registering for a level at first attempt at ICAN offices at Ebute Metta Lagos, at ICAN Liaison offices in Abuja, Kaduna, Kano, and at District Offices closest to approved examination centres.
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